3 comments in reply to "Live at the Rolling Stone! Austerity…It Doesn’t Work, So Why Do It?"

>We’d better get straight on all this if we’re going to fix it, not just for this go-round but for the next recession. Imagine arguing for Keynesian jobs measures—another big stimulus—the next time the economy heads south. With all this misunderstanding in the air, there’s just no oxygen for such arguments.

But economists were sure that the age of recessions was over, since monetary policy could fix everything..!

I’ve been seeing different versions of this lately. It’s on enrollment numbers in public schools versus hiring of staff. The numbers are so astronomical, they make no sense to me. I suspect this is the right wing’s test balloon before they mount a renewed attack on specific public sectors.

…The growth of the LIE Ronald Reagan put forth, that “Government is the Problem, not the solution.” and thereby eliminating any effective solution to the problem at hand. The Right keeps harping about how we can’t possibly have a government stimulus as it would create debt, but that doesn’t answer the question of who is going to rebuild a crumbling infrastructure when the private sector won’t budge to do anything about it, and if they ever did, the costs would be astronomical. The LIE must be debunked if we’re to see our way out… otherwise we’re facing a country without available education, without personal protections, without the rule of law, a country where “freedom” means that “You Are On Your Own”